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20130228
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Search Results 0 to 16 of about 17 (some duplicates have been removed)
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call 1-888-280-0154 now. optionsxpress by charles schwab. skrirg welcome back. we have breaking news right now on groupon. let's get to julia boorstin with that. over to you, julia. >> reporter: that's right, maria. groupon announcing that ceo andrew mason is out. that's right. after several years at company, it has struggled dramatically since its i'm poe. the stock is down over 75% since its ipo in the fall of 2011. this, i would say, is not a big surprise. yesterday afternoon the company reported kiss appointed earnings and gave a grim outlook for the first quarter, and the stock has plummeted dramatically just today, and it continues to fall on this news, maria, but i do not think it is a big surprise. wall street was not confident that mason had what it takes to turn this company around. it has struggled with declining margins and also just trying to figure out the future of its business. does not earn the same margins overseas as it does in the united states, and there's a lot of frustration with the the merchants and also with customers. andrew mason, ceo and founder of groupo
Search Results 0 to 16 of about 17 (some duplicates have been removed)